On the recordApril 6, 2017
I thank the gentleman from North Carolina (Mr. McHenry) for the work that he has done on H.R. 1219, the Supporting America's Innovators Act, and the entire Financial Services Committee for their work on this important topic. As chairman of the House Small Business Committee--and I would note that you have here not only the Republican chair, but we just heard speak the ranking member of the Small Business Committee, Ms. Velazquez; both in support of this legislation. It is bipartisan, which, as Patrick McHenry mentioned, doesn't happen around here often enough, but it did in this case. I often hear from entrepreneurs and small-business folks that the process to obtain capital is too rigid for them to expand and create jobs. Access to capital is a major issue that we need to address, and that is what we are doing here. When it comes to helping small businesses get off the ground, no effort we can make is too small. The Supporting America's Innovators Act could make all the difference for an entrepreneur, and that is why, again, we are here to support it. Commonsense reforms like this one, which raises the cap on the number of people who can invest in a venture fund, can go a long way for the Nation's entrepreneurs, startups, and small businesses. With 28 small businesses in the United States and nearly half of all private sector workers employed by one, the Nation's economic future lies squarely with this Nation's smallest companies and firms.…





